A New Round of Long-Term Growth for Chinese Economy

To face the pressure of decelerating macro economy in 2019,the Chinese government should properly utilize a combination of long-term structural reform on the supply side and short-term expansion on the demand side by strengthening the quality of macroeconomic regulation.Therefore,on the one hand,the government should devote efforts to implement several important systemic reforms to lay a solid foundation for long-term growth;on the other hand,the government needs to pay close attention to the various negative impacts of internal and external demand in the short term,maintain the value of various assets,stabilize the market expectations,and stimulate the private sector investment and domestic consumption.